SEC: Government Destroyed Documents Regarding Pre-9/11 Put Options

(WashingtonsBlog) – On September 19, 2001, CBS reported:

Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market.

An extraordinary number of trades were betting that American Airlines stock price would fall.

The trades are called “puts” and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were “puts”, far outnumbering “call” options, those betting the stock would rise.
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Deepwater Horizon – Hayward cashes out – nothing unusual – business as usual

See Also: (PaulWatson&AlexJones) – Evidence Points To BP Oil Spill False Flag – Read More Here

Also: (IntelHub) – Another 9/11? Strange Events In the Gulf – Read More Here

(AbelDanger) – The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse. Continue reading

Conflicts of interest? Dr. Mehmet Oz owns 150,000 option shares in vaccine technology company

(NaturalNews) – Dr. Mehmet Oz is a huge promoter of vaccines. He’s been on television reinforcing fear about H1N1 swine flu and telling everyone to get vaccinated. But what he didn’t tell his viewing audience is that he holds 150,000 option shares in a vaccine company that could earn him millions of dollars in profits as the stock price rises. It is in Dr. Oz’s own financial interest, in other words, to hype up vaccines and get more people taking them so that his own financial investments rise in value. Continue reading

Video: Peter Costa – “The US Government Will Be Totally Bankrupt In A Year And A Half”

(CNBC) Not much optimism from one of CNBC’s favorite bulls. Yet even Costa is wrong about today’s market direction as 7 shares of SPY move the market up by almost half a percent. In the meantime, the gold creep higher continues.

Video Link Zero Hedge

Inspector General: Treasury Secretary Forced Banks to Surrender Ownership Interest to Government

In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway. Continue reading

Recession Is Over; Depression Has Just Begun

For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in depression, making the case for the ongoing downturn as a depression with a small ‘d.’

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CAUTION: Crash/Collapse Dead Ahead Say Faber, Rogers, Dent and Celente

After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise. Continue reading

Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade

Peter Schiff, President of Euro Pacific Capital, stated in a web cast today on Yahoo! Finance that he sees gold reaching $5000/ounce and the US market faltering. Continue reading

MSM: UPDATE 1-VeriChip shares jump after H1N1 patent license win

(Reuters) – Shares of VeriChip Corp (CHIP.O) tripled after the company said it had been granted an exclusive license to two patents, which will help it to develop implantable virus detection systems in humans. Continue reading

Video: Trader on Bloomberg says markets are manipulated and volumes ‘ficticious’

(6-30-09) – Joe Saluzzi talks on Bloomberg and explains how machine trading is distorting the financial markets. Continue reading

For Goldman’s stock, it’s like the crash never happened

Goldman Sachs Group’s record second-quarter earnings report this week just generated more enmity toward the Wall Street titan, if more is even possible at this point. Continue reading

MSM: Insiders Exit Shares at the Fastest Pace in Two Years

(Bloomberg) – Executives at U.S. companies are taking advantage of the biggest stock-market rally in 71 years to sell their shares at the fastest pace since credit markets started to seize up two years ago. Continue reading

Grand Theft Auto: The Bankruptcy of General Motors

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day. Continue reading

Four largest TARP recipients spent billions on ‘questionable transactions’: memo

Rather than using federal bailout money to reinvigorate lending to consumers, some banks that received funds from TARP have spent it on questionable items that have done little to improve the health of the country’s financial sector but have certainly helped out foreign economies such as Dubai and China. Continue reading

MSM: Sun Microsystems cuts up to 6,000 jobs, or 18 pct of staff, software chief leaves

SAN FRANCISCO (AP) — Sun Microsystems Inc. plans to cut up to 6,000 jobs, or 18 percent of its global work force, as sales of high-end servers have collapsed.

The drastic move announced Friday highlights Sun’s desperation to cut costs and survive as an independent company. Sun’s shares have fallen so steeply they’ve crossed an ominous threshold, driving the company’s market value below its cash on hand. Continue reading

MSM: General Motors shares hit 60-year low on worries of collapse

DETROIT – Bad news kept piling up for General Motors on Monday as its shares plunged to their lowest point in 60 years and some industry analysts predicted the automaker would collapse without a government bailout.

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MSM: Fed Agrees to Loan AIG $37.8B

CHARLOTTE, North Carolina — The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the troubled company last month.
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Asian stocks plunge on fears of global recession

TOKYO (AP) — A meltdown in confidence strangled Asian stock markets Wednesday on accelerating fears that the widening financial crisis could spawn a global recession.

After a miserable day on Wall Street when the Dow Jones industrials lost more than 500 points, investors from Tokyo to Mumbai, Seoul to Sydney dumped shares in a broad regional sell-off.

Anxious investors in Tokyo sent shares into a free-fall, with the benchmark Nikkei 225 stock average plunging 9.4 percent — its biggest drop in 21 years — to 9,203.32, a five-year low. Continue reading

ALMOST ARMAGEDDON Markets Were 500 Trades from a Meltdown

The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post.

Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level – a 22 percent decline! – while the clang of the opening bell was still echoing around the cavernous exchange floor. Continue reading